(a) The board may issue refunding bonds to refund or refinance all or part of the district's outstanding bonds and matured but unpaid interest coupons.
(b) District refunding bonds must mature not later than 40 years after their date of issuance.
Tex. Spec. Dist. Local Laws Code § 7807.208
REFUNDING BONDS
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.